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Name: ____________________________________________________ Date: ____________________

© EMC PublishingApplying the Principles Workbook

CHAPTER 4We Demand Practice!

In each of questions 1–14, an event has occurred that will affect the demand or quantitydemanded for a good. Illustrate the change in demand or quantity demanded for the good that islisted below the graph. To illustrate a change in demand (also called a shift of the demand curve),draw a parallel line to the right or left of the original line plus an arrow to indicate direction ofthe shift. To illustrate a change in the quantity demanded (also called a movement along thedemand curve), indicate two points on the demand curve and draw an arrow pointing up ordown the curve between the two points.

1. Harry Potter movies increase interest in thebooks.

2. Gas prices have risen to new high levels.

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51CHAPTER 4© EMC Publishing Applying the Principles Workbook

3. The price of beef is expected to rise next week. 4. The price of beef rises.

5. The first snowstorm of the season occurs. 6. Summer vacation begins!

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52 CHAPTER 4 © EMC PublishingApplying the Principles Workbook

7. A tax rebate increases incomes. 8. The price of pork rises.

9. The price of DVD players decreases. 10. The price of DVD players decreases.

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53CHAPTER 4© EMC Publishing Applying the Principles Workbook

11. The price of breakfast cereal rises. 12. The price of orange juice rises.

13. The price of orange juice rises. 14. Tiger Woods creates a new fad: golf.

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Name: Date: Button1: a: b: c: d: e: f: g: h: i: j: k: l: m: n: